Filing Flows › Proto Labs (PRLB) › Q3 2025
Proto Labs (PRLB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Proto Labs (PRLB) reported revenue of $135M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +0.2% from the quarter before. Operating margin was 6.5%, net earnings $7.2M (5.3% of revenue).
Proto Labs, Q3 2025: revenue $135M (+8% year over year), operating margin 6.5%, net earnings $7.2M, operating cash flow $29.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135M | +0.2% | +8% |
| Gross profit | $61.3M | +3% | +7% |
| Operating profit | $8.8M | +77% | +3% |
| Net earnings | $7.2M | +63% | +0.4% |
| Operating cash flow | $29.1M | +175% | +18% |
| Free cash flow | $25.0M | +175% | +8% |
What changed
Revenue was $135.4M in Q3 2025, up 8% year over year and roughly flat from the previous quarter. CNC Machining was the largest line at 47% of revenue. CNC Machining added $9.7M year over year (up 18%), 100% of the total change. Other Revenue declined 26%.
Gross margin was 45.3%, down 0.3 points from a year earlier. Operating profit was $8.8M, a 6.5% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 7% margin then. Operating expenses grew 8% against revenue growth of 8%. Net earnings were $7.2M, roughly flat year over year. The effective tax rate was 29.6%.
Operating cash flow was $29.1M (up 18% year over year), 403% of net earnings. Non-cash charges added back $8.4M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $4.1M left free cash flow of $25.0M.
Questions
What was Proto Labs' revenue in the third quarter 2025?
Proto Labs (PRLB) reported revenue of $135M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +0.2% from the quarter before.
Was Proto Labs profitable in the third quarter 2025?
Operating profit was $8.8M (6.5% of revenue) and net earnings $7.2M.
Source: Proto Labs 10-Q on SEC EDGAR.